How To Buy BNB: Simple 5 Steps Guide

From burgers to cryptocurrency, Binance's road to success is always the most inspiring crypto story. There are numerous platforms to buy Binance Coin, but the best one is obviously its own platform - Binance exchange. In this guide, we will walk you through the steps on how to buy BNB on Binance.

Where to buy BNB?

Some of the most popular exchanges to buy BNB include Binance, Coinbase, KuCoin, and Kraken. When choosing an exchange to buy BNB, it's important to consider factors such as fees, security, user interface and supported payment mBNBods. It's also important to note that some exchanges may not be available in certain countries or regions.

Step-by-Step Guide on How to buy BNB :

Follow the below steps to buy Binance using the Binance exchange. If you want to stake your Binance to get yield, check out our guide on the best staking platforms for Binance in 2023.

Step 1: Register for a Binance account

Register using our Affiliate link to get a $600 worth of welcome bonus.

The first step is to register for a Binance account, if you already have a Binance account, you can skip this step.

To register, visit the Binance website and click on the "Register" button at the top right-hand corner of the page. You will then be prompted to enter your email address and create a password. You can also simply use the main sign-up with an email or phone option.

After completing this step, you will receive an email confirmation from Binance.

Create an account using your personal phone number or email address on Binance. Registering as an entity if you are looking to buy Binance as a Limited company business on the Binance exchange is also an option.

Step 2: Verify your identity on Binance

Before you can buy BNB on Binance, you will need to verify your identity. To do this, click on the "Profile" button on the top right-hand corner of the page and select "Identity Verification."

Follow the instructions provided by Binance to complete the verification process.

To complete your Binance registration process and start buying crypto on the Binance platform, you must submit a valid government-issued passport or Driving license based on your country of residence.

Step 3: Buy BNB

There are numerous ways to buy Binance on the Binance exchange, and it all comes down to your preference. We will explore some popular ways to buy Binance on Binance.

Option 1: Fund your Binance account with crypto

This mBNBod is helpful for anyone who owns crypto on other platforms or wallets. Once you have transferred your Bitcoin to a Binance account, you can buy Binance with Bitcoin as Binance supports trading BTC/BNB pair.

After verifying your identity, you can fund your Binance account with Crypto. To do this, click on the "Deposit" button on the top right-hand corner of the page. You will then be prompted to select the cryptocurrency you want to deposit. Select the cryptocurrency you wish to deposit and follow the instructions provided by Binance. Once your cryptocurrency has been deposited, you can proceed to buy BNB.

On the deposit Crypto page, choose the crypto (in this case, we have selected bitcoin) and its network. Binance will generate a bitcoin address to deposit your BTC. Copy the deposit address and initiate a withdrawal on the withdrawal platform. Once the transaction is confirmed in the network, Binance will credit the Crypto for you.

Convert Bitcoin Crypto to Binance  (BNB)

After transferring your crypto Binance account, hover over the Trade menu at the top menubar and click on Binance Convert, where you can convert your crypto to BNB.

There are two ways to convert your crypto to BNB: Market order or Limit order.

Buying BNB with market order: Market order allows you to convert your assets at the current market price based on the quoted price in the conversion.

Buying BNB with limit order: A limit order allows you to place an order to convert your assets at a specified limit price. However, limit orders are executed subject to market conditions and may not be completed even if the market price reaches or crosses your limit price momentarily.

The above screenshot shows an example of placing a limit order to buy Binance using BNB. You can click on the bars icon next to the limit button to show the price chart of your selected crypto convert pair. Click on Confirm order to get 900 BNB tokens into your account.

Congrats! You have now bought Binance by funding your Binance account with crypto and using Binance Convert.

Option 2: Fund your Binance account with Fiat

This option will benefit you if you prefer to fund your account with your preferred fiat currency beforehand. Customers can fund their Binance account with fiat currency via direct bank transfer or credit/debit card.

When using the Bank transfer mBNBod to fund your account, make sure to follow the below tips:

Your bank account name must match the name registered to your Binance account.

Please include your full name in your bank transfer's Reference/Remark section.

If the deposited amount exceeds your daily limit, Binance will divide the total payment based on your maximum daily limit.

After funding the account with fiat currency, it will be stored as your cash balance on the Binance account. Using the deposited fiat currency, you can now buy crypto using the buy crypto with Cash Balance tool.

As shown above, buy Binance immediately with your preferred fiat currency! You will get an estimated price of BNB based on the currency of choice, and you simply enter the desired amount of BNB to buy and confirm the order.

Congrats! You have now bought BNB by funding your Binance account with fiat currency and using a Binance Cash balance.

Option 3: Buy Binance  with a Credit/Debit Card (Popular method to buy Binance )

To buy BNB on Binance using a Credit or Debit card, navigate to the Buy crypto via card page using the top page navigation menu.

On the buy crypto with card page, you will see various options to choose the fiat currency to buy Binance. Enter the desired amount of BNB tokens to buy and click Continue.

Alternatively, you have the choice to buy BNB with Binance recurring plan.

Recurring plan is a great option for regular traders. This method allows you to invest a pre-determined amount and accumulate your crypto holdings over time. If you are committed to the long-term growth of Binance and bullish on its future price predictions, this is a great way to DCA into the Binance project.

In the payment method section, if you just created your Binance account, add the card details you will use to purchase BNB.

Once you have entered the card details, you must review the order details to ensure they are correct. If everything looks good, click the "Buy BNB" button to complete the purchase.

Congrats! You have now bought BNB by funding with your Credit/Debit card!

Step 4: Buy BNB - Payment Methods

Buy Binance with Paypal: Binance does not currently support purchasing Binance  (BNB) directly with PayPal. However, you can still use PayPal to buy cryptocurrencies on other platforms and then transfer those funds to your Binance account to purchase Binance. Other exchanges, such as Coinbase support Paypal payment mBNBods to buy crypto. If you have an existing PayPal account, you'll be able to start making transactions on Coinbase right away.

Buy Binance with a credit card on Binance exchange: To Add a credit card, Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card". Follow the prompts to add your credit card details.

Buy Binance with Debit Card: To Add a debit card: Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card". Follow the prompts to add your debit card details.

How to Buy Binance  with Apple Pay and Google Pay on Binance

The following steps will guide you through how to buy Binance using Apple Pay & Google Pay.

1. Log in to your Binance account and click Buy Crypto with Credit/Debit Card.

2.   Select the fiat currency according to your country and then select Binance crypto to buy from the list. Enter the amount and click Continue.

3.  After choosing BNB to Buy, Select Apple Pay or Google Pay as the payment mBNBod.

4.  Once you have successfully added/chosen your credit/debit card, click Confirm to proceed. Check the payment details carefully and confirm your order within 1 minute, or else after the 1-minute mark, the price and the amount of crypto will be recalculated. You can click Refresh to see the latest market price.

Congrats! You have now bought Binance on Binance using your preferred Google or Apple pay.

Step 5: Withdraw BNB from Binance

After buying BNB on Binance, you may want to withdraw it to a hard or soft wallet you control. To do this, click the "Withdraw" button on the top right-hand corner of the page. You will then be prompted to enter the wallet address to which you want to withdraw your BNB. Ensure you enter the correct address, as transactions on the blockchain are irreversible.

You must also enter the amount of BNB you want to withdraw. Once you have entered the correct wallet address and the amount of BNB you want to withdraw, click on the "Submit" button. Binance will then process your withdrawal request, and your BNB will be sent to the wallet address you provided.

Tips for buying BNB on Binance

1. Always double-check your order details before placing a trade to ensure everything is correct.
2. Consider using the "Limit" order type instead of the "Market" order type when buying BNB. With a limit order, you can set the price you are willing to pay for BNB, whereas, with a market order, you will pay the current market price for BNB, which may not be the best price.
3. Consider using two-factor authentication (2FA) to enhance security after registration.

10 Reasons To Buy Binance Right Now

Should I buy Binance? If you are considering whether you should buy Binance or not, then the below points may provide some clarity about the project.

1. Low-fee Trading: Users can get discounts by using BNB to pay trading fees on the Binance exchange.
2. Utility Token: Binance Coin is a utility token, with multiple use cases across the Binance ecosystem, including access to exclusive features and benefits.
3. Burn Mechanism: Binance Coin has a burn mechanism in place, with a portion of the supply being burned each quarter to support its long-term value proposition.
4. Strong Performance: Binance Coin has been one of the best-performing cryptocurrencies in recent years, with strong growth and returns for investors.
5. Binance Launchpad: Binance Coin can be used to participate in token sales on the Binance Launchpad, providing easy access to promising new projects and tokens.
6. Staking Rewards: Users can stake BNB on the Binance exchange for rewards.
7. Binance Smart Chain: Binance Coin is also available on the Binance Smart Chain, a blockchain network designed for smart contracts and decentralized applications.
8. Ecosystem Growth: Binance Coin is being integrated into an expanding ecosystem of Binance-related products and services, which can drive demand and adoption for the token.
9. Partnerships and Integrations: Binance Coin has partnerships and integrations with multiple blockchain projects, which can help drive further adoption and utility for the token.
10. Investment Potential: Binance Coin offers potential for strong investment returns, with a track record of solid performance and ongoing innovation and development.